Despite U.S. Push,
India Is Elusive Market

As President Bush applauds closer business ties between India and the U.S. during his visit to the subcontinent this week, India's banking sector offers a prime example of the hurdles to foreign access that frustrate full economic integration.

While overseas retail banks face a tough time expanding their business in India, foreign investment banks are building up their operations, helped by a regulatory system that is friendlier to...